Tag: CPA Australia

Sixty-one per cent of surveyed accounting and finance professionals predict the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) will become a world-leading technology hub within five years, according to one of the world’s largest professional accounting bodies, CPA Australia.

The two guides have been updated to reflect developments in reporting over the past seven years, including changes in non-financial reporting (such as the Malaysian Code of Corporate Governance 2021 and International Integrated Reporting Framework) and auditor reporting requirements.

Mainland Chinese businesses were strong performers in technology adoption and innovation over the past year, according to one of the world’s largest professional accounting bodies, CPA Australia.

Over 80 percent of Malaysian businesses surveyed by CPA Australia, one of the world’s largest professional accounting bodies, undertook a major technology project in the last 12 months. CPA Australia found that technologies such as data analytics and business intelligence software delivered a boon for the nation’s businesses.

They maintain a confidant outlook despite the impact of COVID-19, according to CPA Australia’s 2020-21 Asia-Pacific Small Business Survey.

Small businesses in the Philippines significantly increased their use of online payment technologies and sales in 2020. However, difficulty accessing external finance may hamper their growth prospects in 2021, according to CPA Australia’s 2020-21 Asia-Pacific Small Business Survey.

The small business sector in Mainland China is showing strong signs of confidence. Sixty-four per cent of small businesses expect their revenue to grow and forty-two per cent expect to increase their employee numbers in 2021.

Small businesses from Vietnam are the second most likely to expect to grow in 2021 of the markets surveyed in CPA Australia’s 2020-21 Asia-Pacific Small Business Survey.

Small businesses in Taiwan remain moderately resilient in the face of COVID-19-related uncertainties. In a recent survey by CPA Australia, 46 per cent of small businesses reported growing in 2020, while 56 per cent expect to grow in 2021.

Meskipun banyak bisnis kecil di Indonesia yang terkena dampak negatif COVID-19 pada tahun 2020, fokus yang kuat pada penjualan online dan kepuasan pelanggan seharusnya mengarah pada aktivitas bisnis kecil yang menguat kembali pada tahun 2021, menurut CPA Australia.

Although many small businesses in Indonesia were adversely impacted by COVID-19 in 2020, a strong focus on online sales and customer satisfaction should lead to a rebound in small business activity in 2021, according to CPA Australia.

Malaysian small businesses made greater use of digital technologies in response to COVID-19, with 40 per cent increasing their focus on online sales in the past 12 months. This finding comes from a new regional small business survey by global professional accounting organisation CPA Australia.

Only 16 per cent of surveyed Hong Kong small businesses reported growth last year, and only 21 per cent expect their business to grow this year.

Business confidence in Mainland China is upbeat, with 71 per cent of surveyed professionals expecting their company’s profit will remain the same or increase in 2021.

CPA Australia and Shanghai National Accounting Institute (SNAI), a leading public service institution affiliated with the Ministry of Finance of China, announced yesterday the publication of a new book titled 10 key technology trends for accounting and finance professionals in China.

Helping people navigate the rough times as well as sustaining businesses took centre stage at the Malaysian budget 2021 on Friday, but there were a host of other initiatives designed to elevate the living standards of Malaysians.

Over 75 per cent of Malaysian businesses have embraced at least one FinTech product or service over the past 12 months, according to findings from a new regional survey of business FinTech usage by global professional accounting organisation CPA Australia.

Driven by the Government’s FinTech development plan and innovation strategy, China is leading the way in business FinTech usage across the region, according to a survey of business FinTech usage by CPA Australia, one of the world’s largest accounting bodies.

Hong Kong businesses have embraced FinTech and are reaping the benefits, experiencing improved business efficiency, cost savings and an enhanced customer experience, according to a regional survey of business FinTech usage by CPA Australia.